Everest Secures $1.2 Billion Adverse Development Cover

Core Viewpoint - Everest Group, Ltd. has entered into an adverse development reinsurance agreement providing $1.2 billion in gross limit protection against future adverse reserve development, effective October 1, 2025 [1] Company Summary - Everest Group, Ltd. is a global leader in underwriting, specializing in property, casualty, and specialty reinsurance and insurance solutions [1] - The agreement is supported by Longtail Re, an affiliate of Stone Ridge Holdings Group [1]